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KKR & Co (KKR) Receives a Buy from Morgan Stanley

Tipranks - Tipranks - Wed Jul 22, 5:26PM CDT

Morgan Stanley analyst Michael Cyprys assigned a Buy rating to KKR & Co today and set a price target of $147.00.

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According to TipRanks, Cyprys is a 3-star analyst with an average return of 1.4% and a 49.20% success rate. Cyprys covers the Financial sector, focusing on stocks such as Invesco, Franklin Resources, and Raymond James Financial.

In a report released yesterday, Barclays also assigned a Buy rating to the stock with a $124.00 price target.

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Based on KKR & Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4 billion and a net profit of $405.23 million. In comparison, last year the company earned a revenue of $3.05 billion and had a GAAP net loss of $185.92 million

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